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Fairway America and Rycore Capital Have Partnered to Acquire a Medical Office Building Outside Houston, Texas

Perspectives, Syndications

(PORTLAND, OR) Fairway America, LLC, a national leader in middle market real estate private equity created a Co-Manager partnership with Rycore Capital to acquire an off-market ~58,000 square foot multi-tenant medical office property in Bellaire, Texas. The acquisition is scheduled to close in late March 2021 and represents the first investment as Co-Managers between Fairway and Rycore.

As Co-Managers, Rycore Capital will oversee the execution of the business strategy for the asset, while  Fairway America will provide capital market services, along with ongoing asset management, investor relations, and investor reporting. Verivest, a subsidiary of Fairway, will provide ongoing accounting, financial reporting, and tax services.

“Fairway is very excited to put together the first of what we hope are many deals with Ryan and Rycore”, said Matt Burk, CEO of Fairway America. “Both Rycore and the Bellaire asset are exactly the kinds of people and opportunities we work hard to make available to our investors.”

Ryan Urech, Rycore Founder and CEO, shared “Rycore and Fairway are pleased to have executed on this acquisition together, offering investors access to a medical office property that we believe has significant upside through leasing, professional management and exit optionality with an excess land sale opportunity. The property fits very well with our firm’s investment objectives and should provide income and diversification benefits to our investors.”

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About Fairway America, LLC   
Fairway America is a leader in U.S. Middle Market Real Estate investments and advisory services. Fairway’s visceral and grassroots understanding of the middle market space allows them to help solve the hardest root-level challenges facing both sponsors and investors.  Fairway’s experience and solutions, combined with its subsidiary Verivest (www.verivest.com), provide high value to sponsors and investors by removing friction points. This creates mutual benefits to this dual-sided market that are otherwise difficult to achieve in the inefficient and fragmented middle market real estate space. Fairway identifies and creates Co-Manager relationships with what it believes to be top sponsors across asset strategies, throughout the United States and, as a result, provides investors with more uniformity, transparency, and access to difficult to find investment opportunities. For more information regarding Fairway, visit the Company’s website at www.fairwayamerica.com.
Fairway America, LLC
16150 SW Upper Boones Ferry Rd. Portland, Oregon 97224 
Phone: (503)906-9100

About Rycore Capital LP
Rycore Capital LP is a Houston-based real estate investment manager with approximately $200 million in total Gross Asset Value under management, focused on acquiring, leasing and managing income producing properties that deliver superior real estate solutions to tenants while providing investment partners with consistent value-add, core-plus and core returns. The Firm offers two investment platforms to investors: Fund Management and Direct Investment Advisory. The Firm aims to provide a solution with its institutional quality real estate investment management process to high net worth, family office and institutional investors. For more information regarding Rycore, visit the Company’s website at www.rycorecapital.com.

 

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any of the companies mentioned or any related or associated companies. Any such offer or solicitation will only be made through private placement memoranda, offering memoranda, or other formal offering documents. Investors must not rely on information provided in this press release for investment decisions.
Fairway America, LLC and its affiliated and related companies (“Fairway”), offers real estate investment opportunities and real-estate related equity securities. Equity securities are offered through North Capital Private Securities Corporation, member FINRA/SIPC. For more information, please visit fairwayamerica.com.

About Fairway America

Fairway America is a leading alternative investments manager focused on middle market commercial real estate. Established in 1992, the company specialize in real estate credit and private equity strategies on behalf of individual and institutional investors. As of Q1 2022, the firm manages more than $315 million of investor capital and a portfolio of assets representing more than $2.2 billion in gross asset value across several major property types. For additional information, visit www.fairwayamerica.com.

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